Below are the requirement from Cagamas to apply for the 100% housing loan.Your chances to get this loan is higher but NOT guaranteed if you followed the rules below.

The banks are very strict and scrutinize closely when applicants apply for this loan as compared to you buying applying a 90% loan. Not sure whether the banks are getting nervous about the risks of a property bubble in Malaysia or there is something else. Or they are worried to loan out cash to an RM3K income earner. (rising inflation, car loan, food , etc surely will make a RM3K salary so small that borrowers might default if the economy turns bad, etc)

The point that I want to highlight is that you need to ensure that you have a saving or current account with CASH for at least 3 month in the bank that you want to apply for. I got friends that got rejected because of this simple requirement above.

I will update more on this post, if i heard more "un-written" or to-be-watch-out rules about this scheme.

UPDATE:

It takes like 2 months of processing the red tape from Cagamas to approve the bank loan besides getting the approval from the banks. So you might need to seek time extension from developers (might be difficult) or potential sellers in the 2nd market (easier).